Financial Inclusion

Total 7 Posts

Who will save Kenyans from predatory digital lending apps?

With the advent of mobile phones and increased Internet penetration, the borrowing of money has been shifting from traditional channels to electronic channels. This has come with its problems.

The ugly side of financial inclusion

If you scratch the surface, most of the “financial inclusion” offerings are just micro loans that run on a digital platform with fees and interest rates that keep their users in perpetual debt slavery.

Financial inclusion in Africa is more like financial exclusion

Over the years, most of what has been marketed as financial inclusion across Africa is anything but inclusive. These offerings are exploitative and predatory and over time they erode the little value that their target market already has from their income.

Mines' Adia Sowho speaks about financial inclusion, their loan book's performance and more

Financial inclusion is undoubtedly one of the trending topics when it comes to FinTech in Afrika. A day barely goes by without a startup or a big corporate talking about "how we are increasing financial inclusion." Few, however, seem to have a clear definition of what financial inclusion

Finalists for 2018 Zambezi Prize for innovation in financial inclusion announced

MIT's Legatum Center for Development and Entrepreneurship has announced the 10 Afrikan startups that will be finalists of the 2018 edition of the Zambezi Prize. The Zambezi Prize for innovation in financial inclusion, is being hosted in collaboration with the Mastercard Foundation. At stake, for the finalists, will be a

Discussion about financial inclusion with WIZZIT's Brian Richardson

Financial inclusion seems to be the latest buzzword when it comes to financial services and FinTech in Afrika. Just recently, the International Finacial Corporation (IFC), the United Nations and Ant Financial were in Ethiopia to discuss with the country's president the opportunities presented by digital financial inclusion. However, when one

Ethiopia in discussions to use digital solutions to improve financial inclusion

Ethiopia's new leadership is interested in using digital technologies to improve financial inclusion in the East Afrikan country. This comes after the United Nation's ECA Executive Secretary, Vera Songwe, Ant Financial’s CEO, Eric Jing, and the International Finance Corporation’s (IFC) VP and Treasurer, Jingdong Hua, met with President